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World Development Movement blog

15 March 2012

The news that Greg Smith, executive director of Goldman Sachs’ European equity derivatives business, resigned yesterday accusing the Wall Street bank of being morally bankrupt is the latest reminder of the morally dubious practices of one of the world’s biggest investment banks. Among its many divisions is a commodity derivative trading arm - big enough that the firm is generally regarded as one of the two top players in food and other commodity speculation, which experts increasingly agree is contributing to global food price spikes.

14 March 2012

Guest post James Angel, used to be campaigns and policy intern

We might have hoped that the 2008 financial crash would have presented us with an opportunity to rethink the power and influence that the financial sector has amassed since its deregulation in the 1970s. But, far from this, since the crash we’ve seen ever-increasing financialisation.

13 March 2012

This week I read a recent report by Friends of the Earth Europe. ‘Farming Money: How European banks and private finance profit from food speculation and land grabs’ is an interesting read for anyone concerned about poverty and social justice issues. 

12 March 2012

Guest post by Meera Karunananthan, The Council of Canadians

The Council of Canadians, Food and Water Watch and Focus on the Global South invite you to virtually Occupy the World Water Forum – a corporate trade show aimed at giving the world’s largest water multinationals privileged access to high-level policy making behind closed doors.

9 March 2012

Guest post by Homaira Abdullah, used to be activism and events intern

As we come to the end of Fairtrade Fortnight, we have a chance to reflect on what Fairtrade has achieved and how it fits into the wider narrative of food sovereignty.

8 March 2012

A radical vision from European grassroots...

8 March 2012

Here in Scotland there is a lot of pride amongst parliamentarians over our climate change act, considered one of the most ambitious pieces of climate change legislation in the industrialised world. Of course, as climate change campaigners, we realise the challenge lies in its implementation, but we have been watching with interest the gusto with which the First Minister Alex Salmond travels the world (carbon emissions from aviation aside!) promoting Scotland’s climate change act.

1 March 2012

Guest post from the Move Your Money campaign

On-going bonus culture, failing to meet lending targets to small business and increasing customer complaints has been the narrative for the exasperated public this February. Post the financial crisis, behaviour in the city hasn’t changed and it’s high time something was done about it.  

1 March 2012

In what is essentially a return to 1990s style structural adjustment, the Greek government has this week been forced to cut the minimum wage by another 22%, pensions by another 13%, rewrite its constitution to prioritise debt repayment and sell off even more public companies in return for another EU 'bail out'. Here is cartoonist Ben Jennings' take on it.

28 February 2012

UPDATE: Bettina has now been released. However, she still faces the charges. We have updated the information below, so please write to the contacts listed below challenging these charges. We have suggested some points you could make.

I have just heard news through friends in Mexico that Bettina Cruz Velázquez, an indigenous Mexican activist who WDM has been campaigning with, has been arrested. The information available suggests that she is the target of unfounded charges and detention as a way to deter her from her campaigning to defend the rights of indigenous people over the interests of multinational corporations. Please read on to find out what has happened, and how you can take action to support Bettina.


27 February 2012

Guest post by Liam Barrington-Bush, tar sands-free campaign manager, People & Planet

I’m still catching my breath, nearly a week after an EU vote on reducing transport fuel emissions!  Seeing that sentence in writing, I realise it might not sound quite as exciting to those who weren’t active in the campaign that surrounded it. So let me take a step back for a moment and explain... 

21 February 2012

Guest post by Jonathan Stevenson, Jubilee Debt Campaign

As Eurozone finance ministers sat down in Brussels to decide on Greece's future, across town a well-timed University of London conference was underway to try to learn lessons from Latin America's own debt crisis in the 1980s and '90s. Eurozone ministers would have done well to attend because what happened in Latin America three decades ago bears a striking resemblance to what is currently taking place in Europe.

17 February 2012

The World Development Movement has signed an open letter sent today to the organisers of London 2012, asking them to reconsider the games’ sponsorship deal with BP.

13 February 2012

If you've ever been to the World Development Movement's offices in South London, you'll know that our walls are covered in posters from various demonstrations, events and social movement struggles around the world. Earlier today I went around the office and photographed five of my favourites.

10 February 2012

In his speech to the inaugural BBC Today business lecture in November last year, Barclays chief executive Bob Diamond argued that banks needed to rebuild the trust they had lost with the public. Bankers need to ‘become better citizens’, he said.

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